Argentina falters with little help from its friends

Nobody could say the collapse of Argentina's economy and financial infrastructure has been a surprise. After both default and evaluation, the post mortems are under way. Whose fault was it? Why didn't someone do something about it? Will it happen to anyone else? Does it matter if it does? One point of agreement is that most international investors saw the crisis coming at least a year ago. Over the last two quarters of 2001, only the truly brave or trapped were still sticking in there. Once the situation started to unravel, fingers were pointed at the usual suspects ' speculators, the ...